1st March 2019 | Posted by: Natalie Ormrod | Market Analysis

Gas Power
Market Close Market Close
Gas prices rose cautiously yesterday, keeping pace with the broader European energy complex with coal and Brent lifting within day. Power prices moved up in all markets yesterday, bolstered by the rising prices of coal and gas feedstocks, coupled with gains in carbon and slightly cooler forecasts.
Market Open Market Open
The system is long this morning, on the back of softer demand and the never-ending supply of LNG entering the market. Prices are down slightly, as power and carbon are dealt lower and oil makes some modest gains. Power is dealing down with feedstocks and carbon in early trade action this morning.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Brent 1st-nearby prices have softened slightly from yesterday’s close to trade at around $66.2/b. Crude futures were under pressure yesterday, as data showed US production figures to be at an all time high.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved lower – closing at 51.39ppt and £53.48/MWh, respectively.

Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.

Click to enlarge graph

energy price graph - 01-03-2019

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